so, we basically ran $3500ish up on one card twice. we transferred the balance to a 0% APR for a year once, and then promptly accumulated about $3500 again. we've been making the minimum payments on both cards just fine, and are only using the one card (not using the transferred-balance card at all) in cases of dire emergency (need gas and payday is still a week away, etc). however, the transferred-balance card only has a 0% APR until march, and then it jumps up to (i think) 15%. our regular card has an APR of 13.9%.
we've thought about doing credit consolidation, but those companies seem really shady to me and don't appear to be the best idea. so our new thought is to get a personal loan from our bank to pay off our cards (and not use them anymore!), have one payment and a lower interest rate. we haven't spoken to our bank about this yet, but it seems like a good idea.
my husband has stellar credit (last check his score was 790) and i have sub-par but improving credit (my score's hovering right around 600).
is this a good idea? are we missing any major red flags? am i just being simple-minded and this is the worst idea ever? what do you folks think?